Delhi’s Economic Survey 2025–26 estimates robust economic growth with rising income levels, strong service sector dominance, and improved fiscal indicators for the upcoming financial year.
New Delhi, 2025–26
The Economic Survey of Delhi 2025–26, the 17th edition in the series, presents an overview of the capital’s economic performance and future outlook. The report outlines key macroeconomic indicators, fiscal trends, and sector-wise contributions, reflecting the government’s broader objective of transforming Delhi into a world-class, inclusive, and livable city.
Economic Growth and Income Trends
According to the survey, Delhi’s Gross State Domestic Product (GSDP) is projected to reach ₹13,27,055 crore in 2025–26, registering a growth rate of 9.42 percent compared to the previous financial year. This indicates sustained economic momentum supported by strong service sector activity and urban demand.
Per capita income is estimated at ₹5,31,610 for 2025–26, reflecting a growth of 7.92 percent. Notably, Delhi’s per capita income continues to remain significantly higher than the national average—approximately 2.5 times—highlighting the city’s strong economic base and higher productivity levels.
Sectoral Composition of the Economy
The survey emphasizes the dominant role of the service sector in Delhi’s economy. The service sector contributes 86.32 percent to the total GSDP, making it the primary driver of economic growth.
The secondary sector, which includes manufacturing and construction, accounts for 12.88 percent, while the primary sector contributes a marginal 0.80 percent. This structure reflects Delhi’s position as a service-oriented urban economy with limited dependence on agriculture.
Fiscal Position and Revenue Outlook
Delhi’s fiscal outlook remains stable, with an estimated revenue surplus of ₹9,661.31 crore in 2025–26. This surplus represents 0.73 percent of GSDP, indicating that the government expects its revenue receipts to exceed revenue expenditure.
Tax collection is projected to grow by 15.54 percent, suggesting improved economic activity and enhanced revenue mobilization efforts. The increase in tax revenue is expected to support government spending on infrastructure and social development programs.
Budget Size and Allocation Priorities
The total budget for 2025–26 is estimated at ₹1,00,000 crore, reflecting a significant scale of public expenditure. Out of this, ₹59,300 crore has been allocated for various schemes and development projects.
Sector-wise allocation highlights the government’s priorities:
Transport receives the highest allocation at 20 percent, indicating a focus on improving public mobility and infrastructure.
Social security accounts for 17 percent, reflecting emphasis on welfare programs and support for vulnerable sections.
Water and sanitation receive 15 percent, aimed at improving urban infrastructure and public health conditions.
Education is allocated 13 percent, underscoring continued investment in human capital development.
Health receives 12 percent, indicating sustained attention to healthcare services and facilities.
Inflation Indicator
The survey also notes an increase in the Consumer Price Index (CPI) for industrial workers, which rose from 132.5 in 2024 to 139.4 in 2025. This indicates a rise in inflationary pressures, particularly affecting the cost of living for workers.
Key Observations
The Economic Survey highlights several important trends shaping Delhi’s economy:
Strong economic growth supported by service sector dominance
High per capita income compared to the national average
Stable fiscal position with a revenue surplus
Increased tax collection and improved revenue generation
Focused public expenditure on transport, social welfare, and infrastructure
At the same time, the rise in CPI indicates the need for monitoring inflation to ensure affordability and economic stability.
Conclusion
The Economic Survey 2025–26 presents a positive outlook for Delhi’s economy, characterized by steady growth, high income levels, and strong fiscal indicators. The emphasis on infrastructure development, social welfare, and public services reflects a balanced approach to economic development.
However, managing inflation and ensuring efficient implementation of budget allocations will be critical for sustaining growth and improving the overall quality of life in the city.
